Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 7 - Regulatory Commission of Alaska
Chapter 48 - Practice and Procedure
Article 6 - Simplified Rate Filing Procedures for Electric Cooperatives
3 AAC 48.750 - Calculation of TIER
Current through February 27, 2024
A cooperative's TIER is calculated for the most recent 12-month period, based on the information filed in accordance with 3 AAC 48.720 and on the following principles:
(1) the annualized long-term interest expense for the period must be used;
(2) the actual operating expenses for the period must be normalized to remove nonrecurring items and to adjust for items normally amortized for ratemaking purposes, and may also be normalized to reflect pro forma adjustments for known and measurable changes that are more than likely to continue through the period in which the rates will be in effect;
(3) interest income must be included in the determination of TIER to the extent that interest income exceeds short-term interest expense.
Authority:AS 42.05.141
AS 42.05.151
AS 42.05.381
AS 42.05.411
AS 42.05.421
AS 42.05.431
